News Round Up 17th December

All things impacting global supply chains this week with Tony Hines

• Demand for energy increases in Europe as cold spell takes hold.
• War in Ukraine continues.
• China may get back to normal in 2023.
• Peak season -what peak season?
• Manufacturing in the UK falls in 2022
• Check out what has happened in US Tech sector jobs
• Freight costs soften but what happens when China reopens for business
• Chinese ports operating normally and zero COVID policy has ended 
• Sea lanes getting back to normal
• All change at the top at Maersk
• Vancouver auto show cancels
• Volitality still impacting global supply chains 
• Will inflation fall in 2023
• Are China suppliers less reliable and will that force businesses to shop elsewhere.
• Germany’s Due Diligence Act comes into force in January 2023.
• 80 per cent of firms in SW UK experienced supply chain difficulties – Brexit remains an issue for these firms – says a study by Barclays Bank Corporate
• 70 per cent of firms in Europe and the US have been forced to source goods elsewhere because of the war in Ukraine, Global Trade Difficulties and Brexit
• Interest rates up in the UK and US this week – Inflation rates are lower but it is hoped that these new increases will dampen inflation further.
• Bank of England rates at 14 year high 3.5%
• Federal Reserve raised interest rates to 4.25-4.5%. In the US interest rates are at a fifteen year high.

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About Tony Hines and the Chain Reaction Podcast – All About Supply Chain Advantage
I have been researching and writing about supply chains for over 25 years. I wrote my first book on supply chain strategies in the early 2000s. The latest edition is published in 2024 available from Routledge, Amazon and all good book stores. Each week we have special episodes on particular topics relating to supply chains. We have a weekly news round up every Saturday at 12 noon…